TD Asset Management Inc Grows Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• TD Asset Management Inc increased its stake in Monolithic Power Systems by 125.7% during Q2, now owning 89,786 shares valued at approximately $65.7 million.
• Monolithic Power Systems reported Q2 earnings of $4.21 EPS, exceeding analysts' expectations of $4.12, with revenue growing 31% year-over-year.
• The company recently declared a quarterly dividend of $1.56, representing an annualized yield of 0.6%.

TD Asset Management Inc grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 125.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,786 shares of the semiconductor company's stock after purchasing an additional 50,005 shares during the quarter. TD Asset Management Inc owned 0.19% of Monolithic Power Systems worth $65,668,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MPWR. WPG Advisers LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. SouthState Corp purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $36,000. Meeder Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 146.4% during the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,007.93 on Thursday. The company has a market capitalization of $48.27 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 3.61 and a beta of 1.27. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,016.96. The stock has a 50-day simple moving average of $878.34 and a 200 day simple moving average of $737.66.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The company had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.Monolithic Power Systems's quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.17 EPS. Monolithic Power Systems has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Monolithic Power Systems's payout ratio is currently 16.25%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities reiterated a "neutral" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, August 1st. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Loop Capital lifted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $909.55.

Insider Activity

In related news, CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer owned 37,940 shares of the company's stock, valued at $34,647,566.80. This represents a 7.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 14,510 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $914.45, for a total transaction of $13,268,669.50. Following the completion of the transaction, the executive vice president directly owned 144,494 shares in the company, valued at $132,132,538.30. This represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,702 shares of company stock valued at $53,834,480 over the last quarter. 3.40% of the stock is owned by company insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.